Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1887-03-23
4 Hesyy Pasture

Judgements were confessed yassea az
before Protbonotary Maxwell by the
LORD % PoIk Company, manufacturers
OF phosphates nc Odessa, to the amount
or nearly eS2 900. The cause of the fail
ure if laid on William K Lawton, the
New York broker that abscopded last
week, who had entire charge Of the
oonpany's business in that city.
kumors Of the impending failure have
been current for several days, but 1t
was generally supposed by those who
knew the firm that the disaster could
be averted. The judgments were en-
tered by Bradford & Vandegrift, the
cofnpany's attorneys, and executions
were iesued st once.
The preferred creditors and the
amounts Of their several claims are as
follows: National Bank at Odessa, $3,
ia 2f; Edwin b. Cochran, 50, 600 90
George w. Stevens. Odessa, S838 II;
Kate K. Polk, Odessa, 81, 275; National
Bank Of Smyrna, e21 485 90; William
Z Polk, Odessa, 81. 257. so; National
Bank Of Seaford, %, 279 40; l.. V.
Aspril q Sons Of Odessa. S315;
Columbus Watkins, Odessa, 1878 81;
J. l.. Mumford q Son, 1928 66; George
w. Stone. Wilmington, $685.. 90; First
National Bank OF Dover, 81. .954 SO; j.
verro on Campbell, Baltimore, 81, ,613. 81;
y 8. Garrett 81 Sens, Philsasiphia, !,
Sosy 10; John Taylor & Co., Tssnton.
N. j.. "a 788 81; Fruit Grove ers' Ma
tional Bank, Smyrna, $9, ,047 82; James
Rtehmond, Philadelphia, $i,075 76;
First National Bank, Havre de Grace,
Nd, S6 800 ~; National Bank of OK
ford, Pa, s. 3S9 66; john @. Graffiin 8,
Co Baltimore, 1928 20; George r Tay.
lor. New York. 81. 3S6 AZ; Heller, II Hirsch
g Co., New York Si.726 88; J j Baker
y Bro, Baltimore. $385 90; The George
I. Blake Manufacturing Company New
York, $3.50 90; total, $e1, S28 96
1t Is said thai in addition TO The above
there are number Of other outstanding
dehts. The aatess of the company are
variously estimated, but they claim to
have over $l20 coo in real property at
Odessa, In addition 10 valuable pert onal
property.
IRE business was commenced about
eigts years ago by Victor Lord, the
ssrioc member Of the firm, on q small
scale. he afterwards took George w.
Polk In partnership with him, aAd the
firm rs then constituted wcnt steadily
ahead, and in seven yesrs Of close at
ten ion 10 husiness built up O large
trade The brands Of fertilizers which
they manufactured nrs The Diamond
S'ste Super Phosphate. Dis NJ oud State
Acid Phosphate, Peach Tree Super Phos-
plate, Sagar Bset Phosphate and Trux.
lilo Guan0. They were dealers in bones,
potash, ammonia, land pastor, oil of
vitrol sc, and had Offices In New York
pAflaGalnhia Qsti RatrimOPa
Their goods bad standard repua.
tion, aaa about one year ago, finding II
necessary 70 extend their business aud
use more capital, tho company was or.
Kanizsa At that tiLae Lawton became
Z s'ocaholGer aud the company'B bro
ker In New York, buying and selling
for them He possessed their entire
confidence and hsrdled large amounts
belonging to the company, consequent.
ly the em0urt OF which he has de.
irsuded them canuotbe definitely ascsy.
ts!Ded at preseL I, but IL 10 thous ht will
reach SIC COO, and the failure is no
doubt ths direct result Of Lswton's ras
cality. Messre. Lord and Polk say that
while they are confident their aesets
WI more than cover their liabilities,
they FELT hound 10 prott CT lhase ereditoae
who relied upon then, and that THESE
were the clntiderations which INFUSED
them 10 enter the judgments.
Tne hrm gave employment to about
thirty hands, ard as their factory was
eitnated in the southern part of Odessa,
on the AppoquinimiDk, tina greater
part OF their products were shipped By
w1er. Thtre 10 general symI sthy
for Messrs. Lord and Polk, who have
worked hard to bring their business to
Its present proportion.